0001209191-20-048672.txt : 20200828
0001209191-20-048672.hdr.sgml : 20200828
20200828173238
ACCESSION NUMBER: 0001209191-20-048672
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200826
FILED AS OF DATE: 20200828
DATE AS OF CHANGE: 20200828
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Russell Dana C
CENTRAL INDEX KEY: 0001367405
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36642
FILM NUMBER: 201148994
MAIL ADDRESS:
STREET 1: 404 WYMAN STREET
STREET 2: SUITE 500
CITY: WALTHAM
STATE: MA
ZIP: 02451
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Vivint Solar, Inc.
CENTRAL INDEX KEY: 0001607716
STANDARD INDUSTRIAL CLASSIFICATION: HEATING EQUIPMENT, EXCEPT ELECTRIC & WARM AIR FURNACES [3433]
IRS NUMBER: 455605880
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1800 WEST ASHTON BLVD.
CITY: LEHI
STATE: UT
ZIP: 84043
BUSINESS PHONE: (877) 404-4129
MAIL ADDRESS:
STREET 1: 1800 WEST ASHTON BLVD.
CITY: LEHI
STATE: UT
ZIP: 84043
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-08-26
0
0001607716
Vivint Solar, Inc.
VSLR
0001367405
Russell Dana C
1800 WEST ASHTON BLVD
LEHI
UT
84043
0
1
0
0
CFO and EVP
Common Stock
2020-08-26
4
M
0
7353
1.30
A
337270
D
Common Stock
2020-08-26
4
M
0
31890
3.45
A
369160
D
Common Stock
2020-08-26
4
S
0
78481
28.041
D
290679
D
Common Stock
2020-08-27
4
M
0
57012
3.45
A
347691
D
Common Stock
2020-08-27
4
M
0
25966
5.20
A
373657
D
Common Stock
2020-08-27
4
S
0
142867
28.084
D
230790
D
Stock Option (Right to Buy)
1.30
2020-08-26
4
M
0
7353
0.00
D
2024-01-23
Common Stock
7363
0
D
Stock Option (Right to Buy)
3.45
2020-08-26
4
M
0
31890
0.00
D
2027-10-02
Common Stock
31890
97420
D
Stock Option (Right to Buy)
3.45
2020-08-27
4
M
0
57012
0.00
D
2027-10-02
Common Stock
57012
40408
D
Stock Option (Right to Buy)
5.20
2020-08-27
4
M
0
25966
0.00
D
2028-09-26
Common Stock
25966
33381
D
The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.30, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.23, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
One-third of this option vests annually in five equal installments beginning 11/18/14. The remaining two-thirds of the outstanding options vest as follows: (1) one-half will vest if and upon the date that is the sooner of (a) 313 Acquisition LLC receives a return on its invested capital at a pre-established threshold or (b) the Company's aggregate equity market capitalization is equal to or greater than $1 billion on a date no sooner than 240 days after the commencement of this offering, and (2) one-half of the shares vest if and upon the date that 313 Acquisition LLC receives an additional return on its investment at a second pre-established threshold.
25% of the shares subject to this award vested on September 6, 2018, and 1/16th of the shares subject to this award vest on each quarterly vesting date thereafter. The term "quarterly vesting date" shall mean the sixth day of March, June, September and December of any fiscal year, as applicable.
25% of the shares subject to this award vested on September 6, 2019, and 1/16th of the shares subject to this award vest on each quarterly vesting date thereafter. The term "quarterly vesting date" shall mean the sixth day of March, June, September and December of any fiscal year, as applicable.
/s/ Dana C. Russell
2020-08-28